Acciona, S.A.

Unverified
XFID Unique Identifier for Acciona, S.A.: XOIVYM2XPH
Country
ES
Sector
Energy (Renewables)
Website
www.dbrsmorningstar.com
2 Impact Reports
2 Frameworks
1 Second Party Opinion

Documents (5)

Impact Report Framework Second Party Opinion
XFID Type Title Year Source Retrieved
XF-Q83WFKU-W Impact Report Acciona Sustainable Finance Report 2023 2023 mediacdn.acciona.com 31 Mar 2026
XF-YTUNT0G-5 Impact Report Acciona - Impact Report 2024 www.acciona.com 31 Mar 2026
XF-7T0GVVM-8 Framework Acciona - Framework Report 2023 ↑2019 www.acciona.com 31 Mar 2026
XF-JKDJII3-5 Framework acciona s green financing framework 2019 november 2019 →2023 mediacdn.acciona.com 21 Feb 2026
XF-JPAWD1B-5 Second Party Opinion second party opinion acciona s green financing framework november19 — mediacdn.acciona.com 21 Feb 2026

Press Coverage (1)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 5 documents in the XframeworkID registry

NACE D Electricity, Gas & Steam Supply

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Acciona, S.A., Spain SPO 2019
Issuer sector/industry classification
Electricity, Gas & Steam Supply; Renewable Energy and Sustainable Infrastructure Company Profile
Issuer type
Utility; Renewable Energy and Sustainable Infrastructure Company Company Profile

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Sustainalytics, November 22, 2019 SPO 2019
SPO assessment scope and methodology
Assessment of framework alignment with Green Bond Principles 2018 and Green Loan Principles 2018; evaluation of eligibility criteria, project selection process, proceeds management, and reporting practices SPO 2019
SPO preliminary evaluation or credibility rating
Credible and impactful; aligns with four core components of Green Bond Principles 2018 and Green Loan Principles 2018 SPO 2019

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Acciona Sustainable Impact Financing Framework, Version 02 Framework 2023
Framework publication date and update history
Initial publication June 2023; Updated September 6, 2024 and March 25, 2025 Framework 2023
Bond types covered under framework
Green financing (Type I and II), Sustainability-linked financing (Type III and IV) Report 2024
Eligible use-of-proceeds categories
Renewable energy projects, clean transportation, water and wastewater management, green buildings, water services SPO 2019
Project evaluation and selection process description
Managed by Sustainable Finance Committee responsible for verifying project eligibility against framework criteria SPO 2019
Management of proceeds approach
Finance Department handles proceeds management; Eligible Green Project Portfolio established to track allocation; unallocated proceeds held or invested in treasury liquidity portfolio SPO 2019
Reporting commitments under framework
Annual allocation reporting on company website until full allocation; annual reporting on green use of proceeds and impact metrics; annual corporate key performance indicators reporting; annual local impact indicators reporting SPO 2019
Temporary investment of unallocated proceeds
Unallocated proceeds held or invested at Company's discretion in treasury liquidity portfolio SPO 2019
Refinanced vs. newly financed project distinction
Framework covers both finance and refinance of eligible projects SPO 2019

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned with Green Bond Principles 2018 and Green Loan Principles 2018 SPO 2019
Alignment with UN Sustainable Development Goals
UN SDGs 6 (Clean Water and Sanitation), 7 (Affordable and Clean Energy), 11 (Sustainable Cities and Communities), 14 (Life Below Water) SPO 2019
Compliance with Green Loan Principles or Sustainability-Linked Loan Principles
Aligned with Green Loan Principles 2018 SPO 2019

Corporate Strategy & Mission

Corporate mission and sustainability strategy
ACCIONA develops sustainable energy and infrastructure solutions addressing global warming, urban growth, and water scarcity; develops, owns, and operates assets creating positive, regenerative impact on people and planet Framework 2023

Changes Over Time

Items where disclosed information changed across documents.

Sustainable bond framework name and version
2019 Acciona's Green Financing Framework →
2023 Acciona Sustainable Impact Financing Framework, Version 00 01 02 →
2023 Sustainable Impact Financing Framework
Framework publication date and update history
2019 November 2019 →
2023 Initial version: June 2023; Updates: 13.11.2023, 06.09.2024, 25.03.2025
Bond types covered under framework
2019 Green bonds →
2023 Use of Proceeds financing and Sustainability-Linked financing →
2023 Green bonds, sustainability-linked bonds →
2024 Green bonds (Type I and II), Sustainability-linked bonds (Type III and IV)
Corporate mission and sustainability strategy
2019 Strategy focused on climate emergency and low-carbon activities →
2023 To develop sustainable energy and infrastructure solutions addressing urgent global challenges such as global warming, urban growth, and water scarcity
Project evaluation and selection process description
2019 Process for selection of green projects includes project evaluation and selection →
2019 Managed by Sustainable Finance Committee responsible for verifying project eligibility against framework criteria; aligned with market practice →
2023 Process for project evaluation and selection described within framework
Management of proceeds approach
2019 Management of proceeds tracked with reporting on use of proceeds →
2019 Finance Department handles proceeds management; Eligible Green Project Portfolio tracks allocation; unallocated proceeds held in treasury liquidity portfolio →
2023 Management of proceeds framework component included
Reporting commitments under framework
2019 Annual sustainability reporting and ratings provided with external review →
2019 Annual allocation reporting on company website until full allocation; committed to reporting relevant impact metrics →
2023 Annual reporting including Green UoP & Impact Reporting, Corporate Key Performance Indicators Reporting, and Local Impact Indicators Reporting

Document Updates

What changed between successive versions of documents.

2019 → 2023

Acciona's sustainability bond framework underwent a substantial transformation from 2019 to 2023, evolving from a narrowly-focused "Green Financing Framework" centered on EU Green Bond Standards to a comprehensive "Sustainable Impact Financing Framework" that encompasses both use of proceeds and sustainability-linked financing. The 2023 version introduces a dual-track approach incorporating corporate key performance indicators (CKPI), local impact indicators (LII), and calibrated sustainability performance targets, significantly expanding the framework's scope and ambition beyond traditional green project financing to encompass broader corporate sustainability metrics and localized impact measurement.

  • expanded Framework Scope — Evolved from 'Green Financing Framework' focused solely on green project financing to 'Sustainable Impact Financing Framework' that integrates both use of proceeds financing and sustainability-linked financing components.
  • expanded Eligibility Criteria — Added new Local Impact Indicators (LII) component with localized impact targeting, including incorporation of water services in LII2 and additional indicators (LII7, LII8) in revisions.
  • modified Standards Alignment — Shifted from primary reliance on EU Green Bond Standard and EU Taxonomy as reference standards to alignment with 'global guidelines' (unspecified) alongside continued taxonomy alignment.
  • modified Climate Target — Extended Corporate Key Performance Indicator (CKPI) objectives timeline from earlier framework to 2030, reflecting alignment with UN SDG agenda timeline.
  • expanded Reporting and Governance — Significantly expanded reporting framework to include separate annual reporting streams for Green Use of Proceeds & Impact, Corporate KPI metrics, and Local Impact Indicators, with new governance mechanisms including Review Events and recalculation provisions.
  • added Sustainability-Linked Financing — Introduced entirely new Section 4 on Sustainability-Linked Financing with Corporate Key Performance Indicators and Corporate Sustainability Performance Targets calibration process not present in 2019 framework.
  • added Local Impact Component — Added entirely new Section 5 establishing Local Impact Indicator selection and Local Impact Target calibration mechanism, representing new localized impact accountability structure.